International Assets Investment Management LLC Has $1.33 Million Stock Holdings in NuScale Power Co. (NYSE:SMR)

International Assets Investment Management LLC lifted its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 1,984.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 114,642 shares of the company's stock after acquiring an additional 109,142 shares during the period. International Assets Investment Management LLC's holdings in NuScale Power were worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SMR. SG Americas Securities LLC lifted its holdings in NuScale Power by 268.3% in the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company's stock worth $286,000 after buying an additional 39,171 shares during the period. Avantax Advisory Services Inc. bought a new position in NuScale Power during the 1st quarter valued at about $58,000. Resurgent Financial Advisors LLC boosted its holdings in NuScale Power by 100.0% in the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company's stock worth $79,000 after purchasing an additional 7,400 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of NuScale Power by 25.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after acquiring an additional 4,014 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of NuScale Power in the 1st quarter worth approximately $98,000. 15.28% of the stock is currently owned by institutional investors.

NuScale Power Stock Up 1.9 %

Shares of NuScale Power stock traded up $0.36 during trading hours on Tuesday, hitting $18.83. The company had a trading volume of 5,054,756 shares, compared to its average volume of 5,890,272. NuScale Power Co. has a twelve month low of $1.81 and a twelve month high of $22.75. The company has a market cap of $4.69 billion, a P/E ratio of -18.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The company's 50-day moving average is $12.81 and its two-hundred day moving average is $10.34.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.18). The company had revenue of $0.97 million for the quarter, compared to analysts' expectations of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same period in the prior year, the business earned ($0.13) EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SMR. CLSA began coverage on NuScale Power in a research report on Friday, September 13th. They issued an "outperform" rating and a $11.00 price objective on the stock. Craig Hallum raised their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.39.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 115,866 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the sale, the insider now directly owns 14,054 shares of the company's stock, valued at $255,782.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the sale, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $255,782.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the sale, the chief financial officer now owns 57,681 shares in the company, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 478,293 shares of company stock valued at $6,179,222. Corporate insiders own 1.96% of the company's stock.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.